GP Eco Solutions India Limited IPO
GP Eco Solutions India Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹90–₹94 per share. The stock debuted at ₹375, delivering a listing gain of 298.9%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,12,800.
GP Eco Solutions India Limited IPO
- IPO Dates
- Jun 14, 2024 – Jun 19, 2024
- Price band
- ₹90-94 per equity share
- Minimum Investment
- ₹1,12,800
- Issue size
- ₹30.79 Cr
- Lot size
- 1200
- Allotment Date
- Jun 20, 2024
- Listing
- Jun 24, 2024
- Listing At
- NSE SME
IPO timeline
-
Jun 14, 2024
Open Date
Completed
-
Jun 19, 2024
Close Date
Completed
-
Jun 20, 2024
Allotment Date
Completed
-
Jun 24, 2024
Listing Date
Completed
GP Eco Solutions India Limited IPO Essentials
GP Eco Solutions India Limited IPO Details
GP Eco Solutions India Limited IPO is priced at ₹90-94 per share with a total issue size of 30.79 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹90-94 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,276,000 shares(aggregating up to ₹30.79 Cr)
- Total issue size
- 32,76,000 shares
(aggregating up to ₹30.79 crore) - Fresh issue
- 32,76,000 shares
(aggregating up to ₹30.79 crore) - Listing at
- NSE SME
- List price
- 375.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Corporate Capitalventures Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,12,800 |
| Retail(max) | 1 | 1200 | ₹1,12,800 |
| NII (min) | 2 | 2,400 | ₹2,25,600 |
GP Eco Solutions India Limited IPO Reservation
GP Eco Solutions India Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,276,000 shares, approximately 17.99% are reserved for QIB, 13.55% for NII, 31.5% for retail investors, 10% for market maker, and 26.96% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 883,200 (26.96%) | |
| Market Maker Shares Offered | 327,600 (10%) | |
| QIB Shares Offered | 589,200 (17.99%) | |
| NII (HNI) Shares Offered | 444,000 (13.55%) | |
| Retail Shares Offered | 1,032,000 (31.5%) | |
| Total Shares Offered | 3,276,000 (100%) |
GP Eco Solutions India Limited IPO Analytics
GP Eco Solutions India Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
GP Eco Solutions India Limited IPO Subscription Status
GP Eco Solutions India Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 589,200 / 444,000 | 1,032,000 | 2,065,200 |
|
Day 1
14-06-24 06:00 PM
|
(2.95 / 76.14) x | 89.46 x | 61.92 x |
|
Day 2
18-06-24 06:00 PM
|
(9.48 / 390.36) x | 356.46 x | 264.75 x |
|
Day 3
19-06-24 06:00 PM
|
(236.64 / 1825.61) x | 793.20 x | 856.37 x |
GP Eco Solutions India Limited Valuations
Earnings
- EPS Pre IPO
- ₹4.38/-
- EPS Post IPO
- ₹5.39/-
- P/E Pre IPO
- 21.44
- P/E Post IPO
- 17.44
Returns
- ROE
- 44.59%
- ROCE
- 26.51%
- RoNW
- 42.70%
- PAT Margin
- 8.15
Fundamentals
- Debt / Equity
- 1.11
- Price / Book
- 5.21
GP Eco Solutions India Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 369.82 | 277.17 | 96.94 |
| Net Worth | 824.81 | 454.98 | 177.81 |
| Reserves & Surplus | 804.81 | 434.98 | 157.81 |
| Total Borrowing | 1,316.52 | 517.55 | 351.37 |
GP Eco Solutions India Limited Company & Offer Insights
About GP Eco Solutions India Limited
GP Eco Solutions India Limited was established in 2010 and sells solar inverters and solar panels.
The company provides solar energy solutions by offering complete EPC services to commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own Invergy brand. Invergy is involved in the OEM manufacturing of hybrid and LFP products.
The company is authorized dealer for solar inverters products of Sungrow India Pvt Ltd or Sungrow in North India and Saatvik Green Energy Private Limited or Saatvik and LONGi Solar Technology Co Ltd or LONGI in the case of a solar panel North India.
GP Eco Solutions India Limited Promoter(s)
Mr. Deepak Pandey, Mrs. Anju Pandey, Mr. Astik Mani Tripathi are the company's promoters of GP Eco Solutions India Limited.
GP Eco Solutions India Limited IPO Issue Objectives
- •
- To Meet Working Capital requirements of the Company
- •
- Investment in the subsidiary, Invergy India Private Limited (IIPL) in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility
- •
- General Corporate Expenses.
GP Eco Solutions India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GP Eco Solutions India Limited | 5.14 | 5.14 | 11.46 | N/A | 57.79 | 8.2 | Standalone |
| Sungarner Energies Limited | 6.35 | 6.35 | 19.1 | 59.14 | 23.18 | N/A | Standalone |
Notes:
- The P/E Ratio is calculated based on the Listing day closing price.
- Source for GP Eco Solutions India Limited: Based on the restated financial statements of the Company for the year ended F.Y 2022-23.
Contact Information
Contact Details
GP Eco Solutions India Limited
+91 - 8960095217
https://www.gpecosolutions.com/
B-39, Sector-59, Gautam Buddha Nagar, Noida - 201301
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
GP Eco Solutions India Limited IPO is a book-built IPO worth ₹30.79 crore. The price band is ₹90–₹94 per share. The IPO opens on Jun 14, 2024 and closes on Jun 19, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of GP Eco Solutions India Limited IPO is ₹90 to ₹94 per share.
The lot size of GP Eco Solutions India Limited IPO is 1200 shares.
The minimum investment for GP Eco Solutions India Limited IPO is approximately ₹1,12,800 based on the upper price band .
GP Eco Solutions India Limited IPO opens on Jun 14, 2024 and closes on Jun 19, 2024.
The allotment date of GP Eco Solutions India Limited IPO is Jun 20, 2024.
GP Eco Solutions India Limited IPO is expected to be listed on Jun 24, 2024, on NSE SME Platform.
GP Eco Solutions India Limited IPO valuation snapshot: P/E 17.44, EPS ₹5.39/-, P/B 5.21, RoNW 42.70%, and market cap N/A.
To apply for GP Eco Solutions India Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of GP Eco Solutions India Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for GP Eco Solutions India Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check GP Eco Solutions India Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GP Eco Solutions India Limited IPO allotment status on IPO Ji for quick and easy access.